#MarketCorrection# #gold# #CrazyGold# #USElection2020#
Recently gold have Fallen sharply from 2000,due to sell-offs in the stock-market, as we near the US2020 it is unlikely that the Fed and the current US government would let the sell-off continue. This attitude is clearly shown by trump and Powells actions and the possibility of a 2.4 Trillion Stimulus plan to help the US economy recover. As seen in the charts during the pandemic period sharp falls in the price of gold have been followed by a series of responses which allowed gold to quickly rebound, it is likely to follow the same pattern this time also. Technical wise we can see that the price of gold have stabled at 1858 and formed a cross shape, also MACD and RSI have also given strong buy in Signals. For me Gold right now seems like a good investment.
Prospero巴菲特洪
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